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NAB recovers Rs 12 billion from Fazaia Housing Society; chairman reveals

NAB also recovers Rs 22 billion in fake bank accounts case

ISLAMABAD-A high level meeting of National Accountability Bureau (NAB) headed by chairman justice Javed Iqbal was held in Islamabad on Thursday.
The meeting held in NAB headquarters reviewed monthly progress in cases.Deputy chairman, Prosecutor General, DG operations and DGs of regional attended the meeting. The forum expressed satisfaction over the progress of bureau.
Chairman Justice Javed Iqbal said the excellent ratio of conviction and record recovery and subsequent deposit in national exchequer were proof of Bureau’s excellent performance.
NAB Karachi had returned Rs 13 billion to the affectees of Fazaia Housing Society. While NAB Rawalpindi recovered Rs 22 billion in fake account case. Similarly NAB Lahore had recovered Rs 9 billion from Double Shah and Rs 1 billion recovered in 56 public companies case and billions of rupee from fake housing societies and returned to relevant department and affectees.
Likewise NAB Khyber Pakhtunkhwa recovered Rs 7,908 million and NAB Sukkur had recovered over Rs 15 billion in wheat scam and returned to relevant department.
Also NAB Quetta and Multan has recovered billion of rupees from corrupt elements and deposited in national exchequer.
The performance of prosecution and operation division has monitored effectively due to which the bureau was able to recover directly or indirectly Rs 490 billion from corrupt elements and deposited in the national exchequer.Due to effective monitoring and prosecution the conviction ratio remained 68.8 percent.
He said some 1,269 references having accumulated volume of Rs 950 billion are under trial in various accountability courts.
He said NAB is strictly pursuing the policy of accountability for all. Across the board accountability has increased the credibility of NAB. Elimination of corruption has become voice of nation. Bureau considers only merits of the case sans any discrimination.All resources are being utilised to recover the looted money from corrupt elements.

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